Zijin Mining Group Co (Zijin Mining Group Co) Interest Expense : $-658 Mil (TTM As of Mar. 2024)

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What is Zijin Mining Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zijin Mining Group Co's interest expense for the three months ended in Mar. 2024 was $ -168 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-658 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Zijin Mining Group Co's Operating Income for the three months ended in Mar. 2024 was $ 1,253 Mil. Zijin Mining Group Co's Interest Expense for the three months ended in Mar. 2024 was $ -168 Mil. Zijin Mining Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 7.44. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zijin Mining Group Co Interest Expense Historical Data

The historical data trend for Zijin Mining Group Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zijin Mining Group Co Interest Expense Chart

Zijin Mining Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-274.87

-293.73

-301.79

-457.85

-653.19

Zijin Mining Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-165.30	-159.88	-180.85	-148.47	-168.35

Zijin Mining Group Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-658 Mil.

Zijin Mining Group Co (OTCPK:ZIJMY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zijin Mining Group Co's Interest Expense for the three months ended in Mar. 2024 was $-168 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,253 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $14,131 Mil.

Zijin Mining Group Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1252.591	/	-168.351
	=	7.44

The higher the ratio, the stronger the company's financial strength is.

Zijin Mining Group Co (Zijin Mining Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zijin Mining Group Co Ltd (OTCPK:ZIJMY) » Definitions » Interest Expense

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Traded in Other Exchanges

ZIJMF:USA 02899:Hong Kong FJZ:Germany FJZ:Germany 601899:China

Address

No.1 Zijin Road, Zijin Tower, Fujian Province, Shanghang County, Longyan, CHN, 364200

Website

https://www.zjky.cn

Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes Gold bullion; Processed, refined, and trading gold; Gold concentrates; Electrolytic copper & electrodeposited copper; Refined copper; Copper concentrates; Other concentrates; Zinc bullion, Environmental protection, trading, and others. It generates maximum revenue from the Processed, refined & trading gold segment. The Processed, refined, and trading gold segment is engaged in the production of gold bullion by processing gold concentrates produced by the group or purchased from external suppliers and gold bullion in the business of physical gold trading. Geographically, the majority is derived from Mainland China.

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